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Deemed dividend
if a director of a acompany who is also a sustantial shareholder of the company has some advance money lying with him after adjustment of TA bill will the same be considered for sec 2(22)(e).
Replies (2)
No because advance for business purpose expenditure is not covered u/s 2(22)(e)
| Originally posted by : Patel Dhaval | ||
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No because advance for business purpose expenditure is not covered u/s 2(22)(e) |
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even if the same is lying in the books for a few months that also after all adjustment of expenses, the excess money left in there hands
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